Easterly Government Properties, Inc. to Post FY2017 Earnings of $1.27 Per Share, Jefferies Group Forecasts (DEA)

Easterly Government Properties, Inc. (NYSE:DEA) – Research analysts at Jefferies Group upped their FY2017 EPS estimates for shares of Easterly Government Properties in a research note issued to investors on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.27 per share for the year, up from their previous estimate of $1.26. Jefferies Group has a “Buy” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.44 EPS.

DEA has been the subject of a number of other reports. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, November 17th. BidaskClub lowered Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.

Shares of Easterly Government Properties (NYSE DEA) opened at $20.81 on Wednesday. Easterly Government Properties has a one year low of $19.00 and a one year high of $21.81. The stock has a market capitalization of $933.20, a P/E ratio of 17.02 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.70.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, December 5th. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.00%. Easterly Government Properties’s dividend payout ratio is 1,040.00%.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Easterly Government Properties by 57.7% during the third quarter. Public Employees Retirement System of Ohio now owns 43,861 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 16,045 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Easterly Government Properties by 30.2% during the third quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock worth $23,258,000 after purchasing an additional 261,188 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Easterly Government Properties by 72.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 3,609 shares during the period. First Republic Investment Management Inc. bought a new position in Easterly Government Properties during the third quarter worth about $269,000. Finally, Asset Management One Co. Ltd. lifted its stake in Easterly Government Properties by 36.2% during the third quarter. Asset Management One Co. Ltd. now owns 121,045 shares of the real estate investment trust’s stock worth $2,501,000 after purchasing an additional 32,164 shares during the period. 87.31% of the stock is currently owned by hedge funds and other institutional investors.

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Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

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